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Montserrat Economy 2013
http://www.theodora.com/wfbcurrent/montserrat/montserrat_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES
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Page last updated on February 5, 2013

Economy - overview:
Severe volcanic activity, which began in July 1995, has put a damper on this small, open economy. A catastrophic eruption in June 1997 closed the airport and seaports, causing further economic and social dislocation. Two-thirds of the 12,000 inhabitants fled the island. Some began to return in 1998 but lack of housing limited the number. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops. Prospects for the economy depend largely on developments in relation to the volcanic activity and on public sector construction activity. Half of the island remains uninhabitable.

GDP (purchasing power parity):
$43.78 million (2006 est.)
country comparison to the world: 225
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.5% (2008 est.)
country comparison to the world: 97
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$8,500 (2006 est.)
country comparison to the world: 123
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.2%
services: 75.1% (2012 est.)

Labor force:
4,521 (2012)
country comparison to the world: 222
[see also: Labor force country ranks ]

Unemployment rate:
6% (1998 est.)
country comparison to the world: 58
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $31.4 million
[see also: Budget revenues country ranks ]
expenditures: $37.04 million (2011 est.)

Inflation rate (consumer prices):
3.3% (2012 est.)
country comparison to the world: 89

3.7% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
10.99% (31 December 2010 est.)
country comparison to the world: 53

6.5% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
8.3% (31 December 2012 est.)
country comparison to the world: 111

8.56% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$16.17 million (31 December 2012 est.)
country comparison to the world: 190

$15.25 million (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$71.33 million (31 December 2011 est.)
country comparison to the world: 191

$63.19 million (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$5.185 million (31 December 2011 est.)
country comparison to the world: 190

$12.59 million (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products

Industries:
tourism, rum, textiles, electronic appliances

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$3.6 million (2012 est.)
country comparison to the world: 218

$1.26 million (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
electronic components, plastic bags, apparel; hot peppers, limes, live plants; cattle

Imports:
$30 million (2012 est.)
country comparison to the world: 219

$26.32 million (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transportation equipment, foodstuffs, manufactured goods, fuels, lubricants, and related materials

Debt - external:
$8.9 million (1997)
country comparison to the world: 198
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar -

2.7 (2012 est.)
2.7 (2011 est.)
2.7 (2010 est.)
2.7 (2009)

Fiscal year:
1 April - 31 March


NOTE: The information regarding Montserrat on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Montserrat Economy 2013 information contained here. All suggestions for corrections of any errors about Montserrat Economy 2013 should be addressed to the CIA.


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